Required Domestic Lenders definition

Required Domestic Lenders. As of any date, any two or more Domestic Lenders holding in the aggregate more than fifty percent (50%) of the outstanding principal amount of the Domestic Term Loan and the Aggregate Domestic Revolving Loan Commitments or, if the commitment of each Domestic Lender to make Domestic Revolving Loans and the obligation of the Issuing Lender to issue or extend Letters of Credit have been terminated pursuant to §14.2, any combination of Domestic Lenders holding in the aggregate more than 50% of the principal amount of the Domestic Term Loan outstanding and the Total Domestic Revolver Exposure (with the aggregate amount of each Domestic Lender’s risk participation and funded participation in Letter of Credit Obligations and Swingline Loans, as applicable, being deemed “held” by such Lender for purposes of this definition); provided that the Commitment of, and the portion of the Aggregate Domestic Revolving Loan Commitments held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Domestic Lenders.
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Required Domestic Lenders means, at any time, Domestic Lenders having Total Domestic Credit Exposures representing more than fifty percent (50%) of the Total Domestic Credit Exposures of all Domestic Lenders at such time. The Total Domestic Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Domestic Lenders at any time; provided, that, the amount of any participation in any Domestic Swing Line Loan and any Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Domestic Lender shall be deemed to be held by the Domestic Lender that is the applicable Domestic Swing Line Lender or the applicable L/C Issuer, as the case may be, in making such determination.
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Required Domestic Lenders means, at any time, Domestic Lenders holding in the aggregate more than 50% of (a) the unfunded Aggregate Domestic Revolving Commitments and the outstanding Domestic Revolving Loans, L/C Obligations and participations therein or (b) if the Aggregate Domestic Revolving Commitments have been terminated, the outstanding Domestic Revolving Loans, L/C Obligations and participations therein. The unfunded Domestic Revolving Commitments of, and the outstanding Domestic Revolving Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Domestic Lenders.
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Examples of Required Domestic Lenders in a sentence

  • Notwithstanding anything to the contrary contained herein, upon the request of the Required Domestic Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.


More Definitions of Required Domestic Lenders

Required Domestic Lenders means, at any time, Lenders having more than fifty percent (50%) of the sum of (a) the aggregate outstanding amount of the Original Dollar Revolving Commitments and Extended Dollar Revolving Commitments or, after the termination of the Original Dollar Revolving Commitments and/or the Extended Dollar Revolving Commitments, the outstanding Original Dollar Revolving Loans and Extended Dollar Revolving Loans of such terminated Facilities and (b) the aggregate outstanding amount of any Term Loans advanced to any U.S. Credit Party.
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Required Domestic Lenders means, at any time, Lenders having more than fifty percent (50%) of the sum of (a) the aggregate outstanding amount of the Dollar Revolving Commitments or, after the termination of the Dollar Revolving Commitments, outstanding Dollar Revolving Loans and Dollar Revolver Pro Rata Share of outstanding U.S. Swing Line Loans and Dollar LC Obligations and (b) the aggregate outstanding amount of any Term Loans advanced to any U.S. Credit Party.
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Required Domestic Lenders means, at any time, Domestic Lenders having Domestic Revolving Exposures and unused Domestic Commitments representing more than 50% of the sum of the total Domestic Revolving Exposures and unused Domestic Commitments at such time.
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Required Domestic Lenders means, as of any date of determination, Domestic Lenders having more than 50% of the Aggregate Domestic Commitments or, if the commitment of each Domestic Lender to make Committed Loans and the obligation of the L/C Issuers to make L/C Credit Extensions have been terminated pursuant to Section 10.02, Domestic Lenders holding in the aggregate more than 50% of the Domestic Total Outstandings (with the aggregate amount of each Domestic Lender's risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed "held" by such Domestic Lender for purposes of this definition); provided that the Domestic Commitment of, and the portion of the Domestic Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Domestic Lenders.
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Required Domestic Lenders means, at any time, the Lenders holding in the aggregate more than 50% of (a) the unfunded Domestic Revolving Commitments, the outstanding Loans (other than the Canadian Revolving Loans and Canadian Swing Line Loans), the Domestic L/C Obligations and participations therein or (b) if the Domestic Revolving Commitments have been terminated, the outstanding Loans (other than the Canadian Revolving Loans and Canadian Swing Line Loans), Domestic L/C Obligations and participations therein (with the aggregate amount of each such Lender’s risk participation and funded participation in Domestic L/C Obligations being deemed “held” by such Lender for purposes of this definition). The unfunded Domestic Revolving Commitments of, and the outstanding Domestic Revolving Loans, Term Loan and Domestic L/C Obligations held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Domestic Lenders.
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Related to Required Domestic Lenders

  • Qualified Domestic Relations Order means any judgment, decree, or order, including approval of a property settlement agreement, that:

  • Registered domestic partner means an individual joined in a domestic partnership that is registered by a county clerk in accordance with ORS 106.300 to 106.340.

  • Inverted domestic corporation means a foreign incorporated entity that meets the definition of an inverted domestic corporation under 6 U.S.C. 395(b), applied in accordance with the rules and definitions of 6 U.S.C. 395(c).

  • Disqualified Lenders means (i) those Persons identified by the Lead Borrower to the Commitment Parties in writing prior to the Effective Date as being “Disqualified Lenders”, (ii) those Persons who are competitors of the Lead Borrower, the Acquired Company and/or any of their Subsidiaries or Persons Controlling or Controlled by any of the foregoing, in each case, identified by the Lead Borrower to the Commitment Parties (or on and following the Effective Date, the Administrative Agent) from time to time in writing (including by email) which designation shall become effective three (3) Business Days after the delivery of each such written designation to the Administrative Agent, but which shall not apply retroactively to disqualify any persons that have previously acquired, or entered into a trade to acquire, an assignment or participation interest in the Loan and (iii) in the case of each Person identified pursuant to clauses (i) and (ii) above, any of their Affiliates (other than any such Affiliate that is primarily engaged in, or that advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit or securities in the ordinary course and with respect to which the primary Disqualified Lender does not possess the power to direct or cause the direction of the investment policies of such entity referenced in clause (ii) above, unless separately identified by the Lead Borrower pursuant to clause (i) above) that are either (x) identified in writing by the Lead Borrower to the Commitment Parties (or, on and following the Effective Date, the Administrative Agent) from time to time or (y) clearly identifiable as Affiliates on the basis of such Affiliate’s name. Such list of Disqualified Lenders shall be available for inspection upon request by any Lender. Notwithstanding anything to the contrary contained in this Agreement, (a) each Borrower and the Lenders acknowledge and agree that the Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to assignments or participations to a Disqualified Lender and (b) each Borrower and the Lenders agree that the Administrative Agent shall have no responsibility or obligation to determine whether any Lender or potential Lender is a Disqualified Lender and the Administrative Agent shall have no liability with respect to any assignment or participation made to a Disqualified Lender.

  • Public Lender has the meaning specified in Section 6.02.

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

  • Required Facility Lenders means, with respect to any Facilities on any date of determination, Lenders having or holding more than 50% of the sum of (a) the aggregate principal amount of outstanding Loans under such Facilities and (b) the aggregate unused Commitments under such Facilities; provided that the portion of outstanding Loans and the unused Commitments of such Facilities, as applicable, held or deemed held by a Defaulting Lender shall be excluded for purposes of making a determination of Required Facility Lenders.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.